Thursday, October 25, 2007
Merrill falls to loss on $7.9bn writedown: Financial Times Business News - MSN Money
Merrill falls to loss on $7.9bn writedown: Financial Times Business News - MSN Money: "The costs of the credit squeeze mounted on Wall Street on Wednesday as Merrill Lynch revealed a 'staggering' $7.9bn writedown on mortgage-backed securities and Bank of America said it was cutting 3,000 jobs, mainly from its investment bank."
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